Panama Canal officials have said it will take one month to repair leaks discovered in locks for the Pacific side, but warned El Nino is a bigger threat to the canal’s operations.
31 Aug 2015
The Chinese company behind Nicaragua’s planned $50 billion canal is reportedly willing to change the route to bypass one of the towns opposed to its construction, even though such an alteration would add $700 million to the cost of the project.
29 Aug 2015
Rainfall has eliminated the need for a planned draught restriction of up to 39 feet through the Panama Canal.
12 Aug 2015
Construction workers building the Panama Canal’s third set of locks have called off a threatened strike after winning a pay increase from the construction consortium at the helm of the project.
12 Aug 2015
The expansion of the Suez Canal and the reduced draft for ships transiting the Panama Canal won’t immediately impact the rival waterways’ shares of Far East-U.S. East Coast traffic, according to Alphaliner.
11 Aug 2015
The $5.25 billion Panama Canal expansion project may face a fresh setback if construction workers building the third set of locks follow through with their threat to strike.
10 Aug 2015
The Panama Canal Authority plans a temporary half-foot reduction in maximum drafts of ships passing through the waterway, and said an additional reduction may be ordered if rainfall stays below normal levels.
28 Jul 2015
Strong cross-border business in Europe and the highest demand for deferred package service in the U.S. in a decade helped UPS increase second quarter profits, despite falling revenue.
15 Jul 2015
UPS added eight origin and five destination countries to its expedited Worldwide Express Freight service, which now serves 58 countries. The service focuses on urgent, heavy-weight palletized freight.
03 Jul 2015
The new locks at the Pacific end of the Panama Canal began to fill with water in late June in preparation for months of testing of their new gates before they open to commercial traffic next April.
02 Jul 2015
Four new super post-Panamax gantry cranes capable of handling the largest vessels in the world are now en route to Manzanillo International Terminals in Panama.